INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

CBUAE cancels license of First Insurance Brokers Company

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...

Geostrategy

Air cargo demand up 8.3 percent in November 2023, says IATA

GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the...

Business
Business

Shell to build fuel stations in Saudi

Wafi will also operate car services for Shell Global in  the kingdom.
  • Shell Global is the largest operator of gas stations and car services in the world.
  • Shell Global will transfer the latest expertise to Saudi to provide the latest technology.
Geostrategy

Third Gulf Forum for Voluntary Work to be held in December

A meeting between the Committee of Heads of Red Crescent Societies and bodies in GCC concluded its 18th meeting. The...
  • The Gulf forum is expected to be held for two days in Saudi Arabia under the theme "Volunteering is life".
  • This was decided at a meeting between the Committee of Heads of Red Crescent Societies and bodies in GCC concluded its 18th meeting.
Economy

UAE attracted nearly $21 billion of FDI in 2021: Minister

The UAE succeeded in attracting more than $20.7 billion of Foreign Direct Investment (FDI) in 2021, which reflects the confidence...
  • Minister of Economy Abdullah bin Touq Al Marri said the UAE ranked first in the MENA region and 15th globally on AT Kearney's FDI Confidence Index 2021.
  • UAE FDIs in Kyrgyzstan amounted to $12 million, making Emiratis among the top 20 foreign investor groups in the country.
Economy

UAE economic growth in 2022 to reach 4.7 percent driven by oil and non oil sectors, says World Bank

UAE economy to improve in 2022 as the country's financial reserves reflect solid growth, a strong financial system and resilient...
  • The UAE in 2022 is keen on increasing the competitiveness of the private sector, said the Economic Advisor, Ministry of Economy.
  • The UAE government launched an economic stimulus package of AED 388 billion, said a senior official of the Ministry of Economy.
Economy

One out of three Islamic Development Bank member living in poverty

President of the bank Dr Muhammed Al-Jasser, who was speaking at the 16th World Bank Forum, on Islamic Finance, said...
  • The Forum themed “Poverty Reduction Through Social Innovation and Entrepreneurship” was held on the sidelines of the IDB group's annual meeting in Sharm El-Sheikh.
  • The fight against poverty has always been at the forefront of the objectives of the bank's partnerships with member states and various institutions, Al-Jasser said.
Geostrategy

Jordan King discusses regional, security issues with EU leaders

The King discussed the latest regional developments and their impact on regional security, especially the Palestinian cause.
  • The King discussed the latest regional developments and their impact on regional security, especially the Palestinian cause
  • He expressed Jordan’s keenness, along with Arab countries, to launch regional cooperation projects that seek development and prosperity in several fields.
Business

Saudi personal finance market posts 4.4% jump to $18.96bn

Saudi Arabia's finance companies have provided a whopping $18.96 billion in personal finance loans to the kingdom's citizens during the...
  • The real estate loans increased by 1.3 percent to SR26 billion in the first quarter compared to the last quarter of 2021
  • Compared to the fourth quarter of 2021, the real estate loans for corporates recorded a higher growth rate at 4.74 percent against 0.72 percent increase that was seen in retail loa
Economy

IsDB’s Lives and Livelihood Fund provides $1.5bn to 33 member states

Abu Dhabi Fund for Development (ADFD), is one of LLF's key donor partners on this innovative initiative.
  • Abu Dhabi Fund for Development (ADFD), is one of LLF's key donor partners on this innovative initiative
  • The IsDB and development cooperation partners launched a US$2.5 billion LLF in 2016 with a joint vision to raise the poorest out of poverty
Business

Fitch enhances Ras Al Khaimah rating to ‘A’, outlook upgraded to ‘positive’

The government spending, partly supported by significant revenues from government assets, have enabled Ras Al Khaimah to diversify its economy,...
  • The government spending, partly supported by significant revenues from government assets, have enabled Ras Al Khaimah to diversify its economy, says the latest Fitch report.
  • The emirate’s agility in terms of spending has led to a budget surplus in the government sector equal to 1.4 percent of GDP in 2021, adds US-based credit rating company.
Business

Jordanian firms forge trade partnerships at APAS Show 2022

Jordanian companies forged trade partnerships during their participation in the APAS Show 2022, an annual food and beverages exhibition held...
  • Seven companies participated in the Jordanian pavilion, which was organized by the Jordanian-Brazilian Business Association and Jordan Exports.
  • Jordan Chamber of Industry President Fathi Jaghbir said the "successful" Jordanian participation has laid the groundwork for future business.

CBUAE cancels license of First Insurance Brokers Company

ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...
Geostrategy

Company News

Latest News

UAE embroidery art Al Talli makes it to UNESCO heritage list

Al Talli features decoration of collars, hems and cuffs of clothes using cotton or silk threads, intertwined with gold and...
Arts & Culture

Fans without tickets can attend World Cup matches after group stage ends

Doha, Qatar---World Cup fans without tickets can travel to Qatar and watch the rest of the matches after the group...
Business

Ukraine welcomes Russian oil price cap agreed by EU, G7

Ukraine welcomed a US$60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy"...
Geostrategy
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

Most Read

Economy

Jordan to elect commerce chamber boards in poll

Amman, Jordan— The commercial sector across Jordan will go to the polls on Saturday to choose representatives in the boards...
  • The number of voters entitled to participate in the voting process is 27,982 merchants
  • Twenty-three others will run for the elections of the ten commercial sectors that will join the Jordan Chamber of Commerce board of directors
Arts & Culture

VOX Cinemas unveils debut slate of original Arabic films

Diverse line-up of movies features local stories from new and established storytellers from Saudi Arabia, Egypt, Lebanon and UAE.
  • Diverse line-up of movies features local stories from new and established storytellers from Saudi Arabia, Egypt, Lebanon and UAE
  • VOX Cinemas will join forces with Sirb Productions, sister company of Myrkott Animation Studio, to produce a Saudi comedy
Economy

Saudi Arabia eyes hosting AFC Women’s Asian Cup 2026

Riyadh, Saudi Arabia— Saudi Arabia has submitted its bid to host the AFC Women’s Asian Cup 2026, a key moment...
  • Saudi Arabia’s move to bid for the upcoming AFC Women’s Asian Cup builds on its expression of interest earlier this year
  • The kingdom has embraced transformation at pace, and growing women’s leadership in sport is a crucial element